Read the full judgment text of HCB 2861/2013 on BabelCite. This HCB judgment was delivered on 22 July 2013.
1. AXA China Region Insurance Company Limited petitioned for the bankruptcy of the debtor Mr Pun Chi Chiu. The petition debt was the sum of $225,422.87 as at the date of the statutory demand dated 8 January 2013. The debt was not disputed by Mr Pun. The only dispute was whether the court ought to refuse to make a bankruptcy order on the ground that Mr Pun had offered to compound the debt and the offer had been unreasonably rejected.